OREANDA-NEWS. RusRating has assigned a credit rating to ZAO Troika-D Bank (Moscow). The rating is "BBB" on the national scale and "BB" on the international scale, in both cases with a stable outlook.

The rating is based on a favourable assessment of the Bank's growth prospects, financially-strong shareholders, wide scope for building up the client base, high capital adequacy and low risks to liquidity.

Constraining factors include the current early stage of business development, risks associated with rapid growth, loss-making operations and a weak market presence at this time.

Troika-D Bank is a private-sector Russian bank that was set up in 2002 and ranks among the top 250 in the country by assets. In late 2013 control passed to new owners with substantial financial resources and official connections, giving a fresh impetus to growth after a period of stagnation. The Bank has adopted a universal approach and is currently actively developing a presence in retail deposits and corporate loans. It operates in Moscow, where it is building up a network of sub-branches.

Capital quality and capital adequacy are healthy and the Bank is presumably well placed to access growth capital as needed. External funding draws mainly on retail deposits. Corporate loans are the main component of assets and are concentrated on large-scale credit risks. The current loan book was formed over a brief period starting in late 2013; given healthy loan backing and loan servicing indicators loan book quality is rated satisfactory and the same applies to assets as a whole. Earnings performance is weak, but the net interest margin is healthy. Current liquidity is sufficient and risks to liquidity are moderate. Overall risk sensitivity is likewise moderatea.